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If that were the case, I would sell my house and live in a tent because it's less expensive. 

Now, are you planning to house-hack and live in one unit, or going full rental?

My sister and I have done all the leg work in finding where the 2 individuals lived at. 

Financially it only makes sense to invest remote if you have a sufficiently large economic delta between the market you live/work and Milwaukee.

A good way into it may be doing a house hack or live and flip then pulling the equity out in a refinance.Tons of ways to make money in this game!

Hey DenisI have commented a lot about arbitrage in a general sense here, however I believe I am uniquely qualified to answer here as I live and operate about 65 units in this specific market.In 2016 I got my STR start arbitraging a Gulf Front mansion that was in foreclosure and I got a great deal on. 

I live in Kansas.

I am looked at by the loan officer as living in a situation rent free. 3.

I'm not using that term negatively, as I believe that they are filling a need - the alternative for those tenants may be homeless shelters or living under a bridge.